Australian Pump is recommending that small business owners in the Hills check with their tax agent if they qualify for the federal government’s 100% depreciation benefit. With the 30th deadline approaching, eligible residents are being urged to buy business assets now in order to maximise their claim for this financial year.
Small businesses with a turnover of less than $10 million may be eligible. There is no limit to the number of assets they can claim against provided those assets individually cost under $20,000.
“Our production is running at top speed to keep up with demand for drain cleaning jetters, contractor style pressure cleaners and dewatering pumps. Most small businesses are eligible and can get a 100% depreciation credit on new equipment. Plumbers who have been putting off buying a jetter for the last couple of years need to move fast”, said Aussie Pump’s Mal Patel.
For further information on Aussie Pump products, please refer to local distributors, IPCS at Seven Hills.